diff --git a/shared/ui/core/src/main/java/com/ivy/ui/FormatMoneyUseCase.kt b/shared/ui/core/src/main/java/com/ivy/ui/FormatMoneyUseCase.kt
index bc0114e044..d1aed35b19 100644
--- a/shared/ui/core/src/main/java/com/ivy/ui/FormatMoneyUseCase.kt
+++ b/shared/ui/core/src/main/java/com/ivy/ui/FormatMoneyUseCase.kt
@@ -7,6 +7,11 @@ import dagger.hilt.android.qualifiers.ApplicationContext
 import java.text.DecimalFormat
 import java.text.DecimalFormatSymbols
 import javax.inject.Inject
+import kotlin.math.abs
+
+const val THOUSAND = 1_000
+const val MILLION = 1_000_000
+const val BILLION = 1_000_000_000
 
 class FormatMoneyUseCase @Inject constructor(
     private val features: Features,
@@ -17,13 +22,26 @@ class FormatMoneyUseCase @Inject constructor(
     private val locale = devicePreferences.locale()
     private val withoutDecimalFormatter = DecimalFormat("###,###", DecimalFormatSymbols(locale))
     private val withDecimalFormatter = DecimalFormat("###,###.00", DecimalFormatSymbols(locale))
+    private val shortenAmountFormatter = DecimalFormat("###,###.##", DecimalFormatSymbols(locale))
 
-    suspend fun format(value: Double): String {
-        val showDecimalPoint = features.showDecimalNumber.isEnabled(context)
+    suspend fun format(value: Double, shortenAmount: Boolean): String {
+        if (abs(value) >= THOUSAND && shortenAmount) {
+            val result = if (abs(value) >= BILLION) {
+                "${shortenAmountFormatter.format(value / BILLION)}b"
+            } else if (abs(value) >= MILLION) {
+                "${shortenAmountFormatter.format(value / MILLION)}m"
+            } else {
+                "${shortenAmountFormatter.format(value / THOUSAND)}k"
+            }
+            return result
+        } else {
+            val showDecimalPoint = features.showDecimalNumber.isEnabled(context)
 
-        return when (showDecimalPoint) {
-            true -> withDecimalFormatter.format(value)
-            false -> withoutDecimalFormatter.format(value)
+            val formatter = when (showDecimalPoint) {
+                true -> withDecimalFormatter
+                false -> withoutDecimalFormatter
+            }
+            return formatter.format(value)
         }
     }
 }
\ No newline at end of file
diff --git a/shared/ui/core/src/test/java/com/ivy/ui/FormatMoneyUseCaseTest.kt b/shared/ui/core/src/test/java/com/ivy/ui/FormatMoneyUseCaseTest.kt
index 4a98251c3f..a477fcbda6 100644
--- a/shared/ui/core/src/test/java/com/ivy/ui/FormatMoneyUseCaseTest.kt
+++ b/shared/ui/core/src/test/java/com/ivy/ui/FormatMoneyUseCaseTest.kt
@@ -23,33 +23,80 @@ class FormatMoneyUseCaseTest {
     enum class MoneyFormatterTestCase(
         val amount: Double,
         val showDecimal: Boolean,
+        val shortenAmount: Boolean,
         val locale: Locale,
         val expectedOutput: String
     ) {
         ENG_SHOW_DECIMAL(
-            amount = 1000.12,
+            amount = 1_000.12,
             showDecimal = true,
+            shortenAmount = false,
             locale = Locale.ENGLISH,
             expectedOutput = "1,000.12"
         ),
         ENG_HIDE_DECIMAL(
-            amount = 1000.12,
+            amount = 1_000.12,
             showDecimal = false,
+            shortenAmount = false,
             locale = Locale.ENGLISH,
             expectedOutput = "1,000"
         ),
         GERMAN_SHOW_DECIMAL(
-            amount = 1000.12,
+            amount = 1_000.12,
             showDecimal = true,
+            shortenAmount = false,
             locale = Locale.GERMAN,
             expectedOutput = "1.000,12"
         ),
         GERMAN_HIDE_DECIMAL(
-            amount = 1000.12,
+            amount = 1_000.12,
             showDecimal = false,
+            shortenAmount = false,
             locale = Locale.GERMAN,
             expectedOutput = "1.000"
         ),
+        ENGLISH_1K_SHORT_AMT(
+            amount = 13_000.10,
+            showDecimal = true,
+            shortenAmount = true,
+            locale = Locale.ENGLISH,
+            expectedOutput = "13k"
+        ),
+        ENGLISH_MILLION_SHORT_AMT(
+            amount = 1_233_500.10,
+            showDecimal = true,
+            shortenAmount = true,
+            locale = Locale.ENGLISH,
+            expectedOutput = "1.23m"
+        ),
+        ENGLISH_BILLION_SHORT_AMT(
+            amount = 1_233_000_000.10,
+            showDecimal = true,
+            shortenAmount = true,
+            locale = Locale.ENGLISH,
+            expectedOutput = "1.23b"
+        ),
+        GERMAN_1K_SHORT_AMT(
+            amount = 13_000.10,
+            showDecimal = true,
+            shortenAmount = true,
+            locale = Locale.GERMAN,
+            expectedOutput = "13k"
+        ),
+        GERMAN_MILLION_SHORT_AMT(
+            amount = 1_233_500.10,
+            showDecimal = true,
+            shortenAmount = true,
+            locale = Locale.GERMAN,
+            expectedOutput = "1,23m"
+        ),
+        GERMAN_BILLION_SHORT_AMT(
+            amount = 1_233_000_000.10,
+            showDecimal = true,
+            shortenAmount = true,
+            locale = Locale.GERMAN,
+            expectedOutput = "1,23b"
+        ),
     }
 
     private lateinit var formatMoneyUseCase: FormatMoneyUseCase
@@ -65,7 +112,10 @@ class FormatMoneyUseCaseTest {
         formatMoneyUseCase = FormatMoneyUseCase(features, devicePreferences, context)
 
         // when
-        val result = formatMoneyUseCase.format(value = testCase.amount)
+        val result = formatMoneyUseCase.format(
+            value = testCase.amount,
+            shortenAmount = testCase.shortenAmount
+        )
 
         // then
         result shouldBe testCase.expectedOutput